Singapore Real Estate / Built Environment
Bukit Timah condo Hillcrest Arcadia put up for en bloc sale at S$920 million
Bukit Timah condominium Hillcrest Arcadia is going on the market at a guide price of S$920 million, in a collective sale that will release a sprawling 4-hectare District 11 site for redevelopment.
RB Family Office markets Mosque Street asset amid increasing buzz in shophouse hotel scene
The shophouse hotel investment sales market is seeing more buzz lately, with one property being put up for sale and two others recently sold.
Over 20 development projects in Singapore to use REDAS’ data sharing platform
Real estate developers in Singapore will be using the Real Estate Analytics Performance Indicators Dashboard (Rapid) to support more than 20 projects in the citystate.
https://www.zaobao.com.sg/finance/singapore/story20250402-6106652
Singapore News / GE 2025
Singapore PMI slips to 50.6 in March amid global trade tensions, US tariff risks
Factory activity in Singapore grew more slowly in March, amid rising global trade tensions and tariff uncertainties. The Purchasing Managers’ Index (PMI) declined to 50.6, down 0.1 point from February, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) showed on Wednesday (Apr 2).
New US tariffs likely to hurt firms in Singapore; nearly half say they will pass on costs, survey finds
Nearly half of companies in Singapore (45 per cent) plan to pass on the increased costs from the new US tariffs to their customers, a flash survey by the American Chamber of Commerce (AmCham) in Singapore has found.
SLA appoints new CEO to succeed Colin Low
The Singapore Land Authority (SLA) has named a new chief executive officer to take over from Colin Low from May 1. Calvin Phua, deputy secretary (policy) at the Ministry of Law, has been appointed to the role, MinLaw said in a statement on Wednesday (Apr 2).
https://www.businesstimes.com.sg/property/sla-appoints-new-ceo-succeed-colin-low
https://www.zaobao.com.sg/news/singapore/story20250402-6109027
GE 2025: Trade unionist Natasha Choy joins Desmond Lee’s team in West Coast
PAP fresh face and trade unionist Natasha Choy has joined National Development Minister Desmond Lee’s team in West Coast GRC, getting a grip on key issues and initiatives rolled out in the area.
https://www.zaobao.com.sg/news/singapore/story20250402-6106527
GE2025: WP’s likely replacement for Raeesah Khan outlines plans for improvements in Sengkang
A potential WP candidate expected to fill the empty seat in Sengkang GRC has assured residents in Raeesah Khan’s former ward of Compassvale that he will work to address lift issues in the estate.
Business News
Maybank initiates coverage on Centurion with ‘buy’ call with construction boom in Singapore expected
Maybank on Friday (Mar 28) initiated coverage of Centurion with a “buy” call, on optimism over the tighter supply of worker dormitory beds in Singapore and strong construction demand. It also set a price target of S$1.45 – 19.8 per cent or S$0.24 above its latest closing price of S$1.21 on Apr 1.
One Raffles Quay inks S$1.13 billion sustainability-linked loan from DBS, other banks
Office complex One Raffles Quay has obtained a five-year, S$1.13 billion sustainability-linked loan (SLL) from DBS and three other banks, to support its efforts to reduce its carbon footprint. DBS is providing S$710 million as the anchor lender and sole sustainability coordinator, the bank said on Wednesday (Apr 2).
RHB Singapore appoints new CEO Goh Ken-Yi
Goh Ken-Yi, 53, has been named the new chief executive officer of RHB Singapore, effective Tuesday (Apr 1). He succeeds Danny Quah, 55, who led the company as CEO and country head from 2019, RHB Singapore announced in a press statement on Tuesday.
https://www.businesstimes.com.sg/companies-markets/rhb-singapore-appoints-new-ceo-goh-ken-yi
Global Economy / Real Estate News
Trump announces 10% tariff on all imports, with higher rates for some countries
Oil prices fall into negative territory as Trump announces new tariffs
China’s services activity rises to three-month high: Caixin PMI
China’s export machine struck with at least 54% Trump tariffs
https://www.businesstimes.com.sg/international/chinas-export-machine-struck-least-54-trump-tariffs
China restricts companies from investing in US as tensions rise
China urges firms to follow laws after Bangkok building collapse
Companies invited to develop 3 new tourism and recreation areas in Hong Kong
New Zealand housing market has entered upturn, CoreLogic says
South Korea’s inflation picks up, backing case for BOK pause
https://www.businesstimes.com.sg/international/south-koreas-inflation-picks-backing-case-bok-pause
Thailand vows to cut US trade surplus as it sees US$8 billion hit
Bangkok’s condo oversupply problem may worsen over quake fears
UK imposes online entry permit on European visitors
https://www.businesstimes.com.sg/international/uk-imposes-online-entry-permit-european-visitors
Vietnam charm offensive fails to stave off 46% Trump tariff
https://www.straitstimes.com/asia/se-asia/vietnam-charm-offensive-fails-to-stave-off-46-trump-tariff
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